The Munchables hacker, who recently exploited a weakness in the protocol and drained more than $62 million worth of Ether (ETH), has returned the keys holding the stolen funds. According to blockchain sleuth ZachXBT, the hacker allegedly worked as a developer on Munchables and has possible ties to North Korea. …
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Yesterday, the crypto community saw an attack on one of Serenity Shield’s Metamask wallets, resulting in the theft of over 7 million SERSH tokens. As a result, the token’s price significantly dropped, and the holders showed concern about the platform’s future. $5.6M In Crypto Stolen From Hot Wallet Serenity Shield, …
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In a recent court case that Le Monde reported, a French court cleared the people accused of planning the $8.5 million hack of Platypus Finance, an Automated Market Maker protocol running on the Avalanche blockchain in February 2023, of all charges. The court’s ruling that “French criminal law does not …
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The hacker who stole over $46 million from the DeFi protocol KyberSwap has released a list of demands, including total control over …
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In a targeted exploit, decentralized exchange (DEX) aggregator and liquidity protocol KyberSwap, which serves as the main protocol in the Kyber Network’s liquidity hub, suffered a significant security breach. On November 23, 2023, KyberSwap was attacked, resulting in the theft of approximately $54.7 million, according to intelligence provided by the …
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Cryptocurrency exchange HTX (formerly Huobi) has disclosed the recovery of the crypto funds stolen by a hacker in late September. The crypto company has also honored its 5% white hat bonus offer to the hacker after reclaiming the looted funds. On September 25, the HTX exchange succumb to a vulnerability, …
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As the crypto market continues to attract substantial investments, it has also witnessed a surge in scams and fraudulent activities. Regulatory institutions worldwide, spearheaded by the United States, seem to intensify their efforts to combat cyber threats, hacks, and frauds that affect the industry. However, the nascent sector is far …
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In a recent tweet, Chinese journalist Colin Wu provided an update regarding a significant crypto hack that took place in August. The hack was alarming because it targeted a platform BitBrowser, frequently used by cryptocurrency enthusiasts who participate in airdrops. Hackers Move Funds To Crypto Mixers According to Colin Wu’s report, …
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In a complex tangle of smart contracts, governance proposals, and fluctuating crypto prices, the financial health rate of the infamous Binance BNB Bridge exploiter address (0x48…9bec) has fallen below the critical value of 1, hovering at 0.99. This development is of particular interest, given that the address holds a significant …
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Uniswap dev loses job, was it worth it? A Uniswap developer known as “AzFlin” has been sacked by the founder of Uniswap Labs, Hayden Adams, for allegedly creating a memecoin and rug pulling it a few hours later for 14 wrapped-Ether (wETH), worth $25,800. It is understood that AzFlin developed …
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Curve Finance (CRV) has issued a statement on Etherscan, addressing the hackers responsible for the recent exploit that resulted in the loss of over $60 million from the protocol. In the statement, Curve, Metronome & Alchemix have invited the hackers to discuss a potential bounty, offering a 10% reward for …
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The Arcadia Finance attacker used a reentrancy exploit to drain $455,000 from the decentralized finance (DeFi) protocol, according to a July 10 post-mortem report issued by the app’s development team. A “reentrancy exploit” is a bug that allows an attacker to “reenter” a contract or interrupt it during a multi-step …
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